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AAT Level 3 - Advanced Diploma in Accounting


Ideal Schools

Summary

Price
£645 inc VAT
Or £53.75/mo. for 12 months... Read more
Study method
Distance learning, self-paced
Duration
200 hours
Qualification
AAT Level 3 Diploma in Accounting (QCF)
Regulated What's this?
Additional info
  • Exam(s) / assessment(s) not included in price, and must be purchased separately
  • Tutor is available to students
  • TOTUM card is available to purchase separately What's this?

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Overview

The aim of this qualification is to enhance the skills developed in the introductory level. You’ll master more complex financial processes, including final accounts for sole traders and partnerships, reports and returns and professional ethics. As a standalone qualification, or as a first step towards the intermediate and advanced levels, it will allow you to move up to further study in accountancy and finance.

Qualification

AAT Level 3 Diploma in Accounting (QCF)
Regulated by Ofqual

Description

Once you’ve completed the intermediate level, you’ll be awarded the AAT Level 3 Diploma in Accounting (Level 6 in Scotland).

Ideal Schools will provide:

  • All Study Materials via textbook or presentation folder
  • Online access to all textbook training
  • 2 years tutorial support via phone & email
  • Continuous Self Progress tests & Answers
  • 20+ tutor marked assignments
  • Unlimited access to online practice questions
  • FREE Postage & Packing


Exam Structure: 5 x centre based examinations
Synoptic Exam: The 5th and final exam will cover all elements of Level 3. Although the subjects of Ethics and Spreadsheets are not tested on an individual basis, they will be covered within this final exam.
Study Time: Approx 180 - 200 hours

Additional Costs:
1 x AAT Registration fee £43 (only for 1st time registrations)
1 x AAT Annual Membership £92
6 x Centre-Based exams costing approx. £60-65 per exam

There are 6 mandatory units at the introductory level:

Advanced Bookkeeping
Understanding accepted principles of accounting and double-entry bookkeeping
Understanding accounting methods of recording non-current assets
Accounting for purchase of non-current assets
Accounting for depreciation and adjustments
Accounting for disposal of non-current assets
Preparing and extending the trial balance.

Final Accounts Preparation – sole traders and partnerships
Understanding the process involved in preparing final accounts
Preparing accounting records from incomplete information
Producing final accounts for sole traders
Understanding partnerships’ legislative and accounting requirements
Preparing a statement of profit or loss appropriation account
Preparing a financial position statement relating to a partnership.

Management Accounting: Costing
Understanding an organisation’s costing systems
Recording and analysing cost information
Apportioning costs to organisational requirements
Analysing budget deviations and reporting these to management
Using information gathered from costing systems to assist decision making

Ethics for Accountants
Understanding principles of ethical working
Understanding ethical behaviour when working with internal and external customers
Understanding when and how to take appropriate action following suspected ethical codes breaches
Understanding the ethical responsibility of finance professionals in promoting sustainability

Sales Tax (VAT)
Understanding VAT regulations
Completing VAT returns accurately and on time
Understanding VAT penalties and adjusting for previous errors
Communicating VAT information.

Spreadsheets for Accountants
Using a spreadsheet to enter, edit and organise numerical and other data
Selecting and using appropriate formulae and data analysis tools and techniques
Presenting, formatting and publishing spreadsheet information.

Who is this course for?

You should consider this level of study if:

  • You’ve completed the introductory accounting level and would like to build your skills
  • You’re already working in finance and you’d like a formal recognition of your skills
  • You would like to go onto be an AAT full member or study for chartered status

Career path

Here are just a few positions that you could consider upon completion of this study.
Accounts Assistant
Accounts Payable and Expenses Supervisor
Accounts Payable Clerk
Assistant Accountant
Audit Trainee
Bookkeeper
Credit Controller
Finance Assistant
Practice Bookkeeper and Payroll
Tax Accountant
Tax Assistant

Questions and answers


No questions or answers found containing ''.


Cheryl asked:

Hi , Is each Subject covered by an individual online video to show how to do things or just by online text book learning? Thanks Cheryl

Answer:

Hi Cheryl, thank you for your question. At the time of replying there are no accompanying videos with our courses, where each process is explained in detail within the course lessons with comprehensive worked examples and assignments. Of course, there are already thousands of videos available via google, etc, that provide a visual explanation of all accounting processes, should you find this method helpful. If you have further questions, please come back to me. Kind regards Brian McVean

This was helpful. Thank you for your feedback.

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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